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Guardsman was a character from the Iron Man storyline. The armor itself was created by Tony Stark as a backup for Iron Man. He would not receive a figure in the Iron Man toyline but would eventually get a figure in the Spider-Man toyline, but it was a more recent look and not the classic look a lot of fans wanted.
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Spider-Man Techno Wars - 1996
Another re-used figure from the Series 5 Iron Man line, this used to be Lava Armor Iron Man. Unlike the other figures in that line that were reused, this one did not even get a new head. The only difference is that it is colored green like the Guardsman Armor. Since he is an Iron Man figure, he can swap armor pieces with most other Iron Man figures and fits in perfectly with the figures in the Iron Man toyline.
Figure ability: Riot control unit
Accessories: Backpack, Boots x2, Arm armor x2, Chest armor x2